Trading is still the same as what you saw right now and the past also nothing happening until now the price of all altcoins get back to normal and start to pump up again next time.
So if the market is same as it has been then I think long term trading suits everyone who are not sure by themselves that to do, as all around the market coins has been dumped since long only good and high potential coins will rise earlier than others, so it is good to trade with bitcoin and try to trade for long term only it is safe and it gives more profit than day trading, day trading needs lots of knowledge and experience.
Topic: what kind of trading will suit for me? - page 6. (Read 15676 times)
The market has been showing good signs of reversal, as you have got huge amount of capital, so it wouldn't be a bad idea to invest a large amount in the present situation. As far as duration of period is concerned, you can decide it later, according to the market situation.
I think if you have enough money you can do day trading but be careful about day trading as it has instant profit or instant lose. But if you have want to short trading you can go with 2k$ because you can go here simple slowly and you can get time to make your decision. I think short trading is best in this volatile market.
I think the capital you recommend is too much, you can start trading with very little capital, for example using only $ 100 of capital can, for initial trading there is no need to use a lot of capital that will only give you a high risk of loss.
I think if you have enough money you can do day trading but be careful about day trading as it has instant profit or instant lose. But if you have want to short trading you can go with 2k$ because you can go here simple slowly and you can get time to make your decision. I think short trading is best in this volatile market.
Update:
I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
There are online trading communities for crypto traders no matter beginner or advanced level trading experience you have. By the way, Cex.io introduced their new CEX crypto to crypto trading platform and fees per trade are affordable. Demo accounts will motivate you to learn the basics of crypto trend trading but it will take time to cook your "balance". I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)
There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
edit:
There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
edit:
Update:
I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
It depends how much time you can devote to trading. Normally day trading needs continuous approach to the market else you can skip many good setups. If you are targeting monthly return then it is good to go for short term trading instead of day trading. Short term trading stressless and have stronger setup as compared to lower time frame. Also trading crypto to fiat is better than crypto to crypto as per my personal opinion. Your decision of trading at localbitcoins is good provided you have good number of BTC traders in your country, you can directly get payment in local currency into your bank account.
Update:
I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
That is a good idea, as long as you can get the level of trust from others so long as you can get various benefits from the services you have. This is a much more meaningful thing than being a Trader in general. You have the opportunity to improve your business and that is good for the future that you will achieve.I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
You need to be able to competently use both of these strategies and this will be a better option to increase profits, since there are already convenient applications, notifications for quick response to price changes
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
edit:
Update:
I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
Good decision. Doing that kind of trading is just fine for us who are new in cryptocurrency. Beginners like us can easily buy and sell crypto considering you have $1000-2000 capital. Have you considered huobi exchange for that crypto fiat trading? Or may i ask what exchange did you already use?
Trading is still the same as what you saw right now and the past also nothing happening until now the price of all altcoins get back to normal and start to pump up again next time.
well, for me, it's still the same. I see trading like all, because it's just about buying and selling. besides, the type of trading for each person is different. it all depends on the type of person who trades. 
So we will wait for the update in the next month?actually i am interested on what is the outcome because i am looking for another strategy to use aside from my long term holding that sometimes makes me feek desperate specially when i look and saw that continuously falling value(but ofcourse i am still in trust for crypto,most specially the coins and tokens in my folio)
Will bookmark this thread and check from time to time to see updates because i see some cool things will happen soon here.
Will bookmark this thread and check from time to time to see updates because i see some cool things will happen soon here.
To do Long term trading is good decision because will spend less times and promising high profit, after all crypto dumped hard and will has potential to raise to the top price, so just doing long term trading and choose only good coin, and we should be keep patient waiting for the price to increase.
You have a good capital for trading, you could do what you think easily. Because if you can do the whole day working then day trading is best for you, because of you have good capital.
But if you wanna choose easy way then buy coins and hold them, and now in this time, Bitcoin will be suit you, because its price down and you could buy more than 1 bitcoin easily. So it will be best for you.
The capital he wishes to use is quite not a small one, so in order to minimize risk because the market cannot really be predicted, it will be best that he even split the fund and practice both of what you have said, virtually everyone knows that day trading is still best way to make quick money but it is not without its own risk too especially when being done by a newbieBut if you wanna choose easy way then buy coins and hold them, and now in this time, Bitcoin will be suit you, because its price down and you could buy more than 1 bitcoin easily. So it will be best for you.
So, it depends on how professional he is but to be on safer side, part of the funds should be used to buy more BTC like you said and the rest for probably trading since he is keen about a short term investment plan. So, I think he might opt in for trading.
You didn't tell us if you already have a job....like 9-5 kind of job.
If that is the case then daily trading may not be suitable for you because its time demanding and justling trading with your job can bring distraction.
Except otherwise,you are not doing any job ,then you can consider daily trading.. cryptocurrency to cryptocurrency trading.
All things being equal,you can make above 20% monthly.
If that is the case then daily trading may not be suitable for you because its time demanding and justling trading with your job can bring distraction.
Except otherwise,you are not doing any job ,then you can consider daily trading.. cryptocurrency to cryptocurrency trading.
All things being equal,you can make above 20% monthly.
Update:
I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
That is a good idea, as long as you can get the level of trust from others so long as you can get various benefits from the services you have. This is a much more meaningful thing than being a Trader in general. You have the opportunity to improve your business and that is good for the future that you will achieve. I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
I am looking for monthly basis profits with 10-20% profits for a cycle.
There is no guarantee that you can earn this much in a certain period of time. Trading cryptos is very unpredictable and it could give so much stress seeing your portfolio going down. IMO there are no expert traders here, just lucky to be on the right place on the right time. Make that $1k of yours as a tool for you to gain experience and felt what it's like doing the trade. Experience is always the best teacher.I believe what he choose is more safer and progressive in this kind of market,because the inconsistency ofhe market value brings cautious to the new investors like OP,unless he is willing for long term investing then the advies would be change also
Day trading is really make me spend alot of times and make my emotional can not be manage, so now i prefer doing long term trading by trade only good coin. Buy now and hold it for 2 or 3 month is can be promising higher profit than doing day trading and we can spend less times.
Update:
I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)
There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
1. Day trading is short term trading. Day trading = buy and sell within a day
2. Crypto to crypto is less risky since all (or at least the major ones) tend to follow each other so far. When something is less risky it also means it holds less potential. Fiat to crypto is riskier IMO.
10-20% on a monthly basis is a very high target. I think no trader can hold this kind of profit on a long term basis.
However, if you trade fiat-crypto and crypto will experience a longtime bull run it might be possible.
I am not sure how experienced you are but it seems to me that you are a medium level. I would go for swing trading or trend trading with BTC and ETH on BitMEX. An alternative would be Binance to trade stablecoins-crypto.
Read more about crypto trading strategies on Cryptocointrade.
I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)
There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
You have a good capital for trading, you could do what you think easily. Because if you can do the whole day working then day trading is best for you, because of you have good capital.
But if you wanna choose easy way then buy coins and hold them, and now in this time, Bitcoin will be suit you, because its price down and you could buy more than 1 bitcoin easily. So it will be best for you.
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